Maintaining Agency Direction on Financial Fraud Act

Maintaining Agency Direction on Financial Fraud Act - Prohibits any interpretive guidance issued by the Securities and Exchange Commission which relates to "Commission Guidance Regarding Disclosure Related to Climate Change" from taking effect with respect to any person on or after February 2, 2010.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4934 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4934

 To prohibit the enforcement of a climate change interpretive guidance 
    issued by the Securities and Exchange Commission, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 24, 2010

   Mr. Posey (for himself, Mr. Price of Georgia, Mr. Hensarling, Mr. 
Souder, Mr. Burton of Indiana, Mr. Westmoreland, Mr. Poe of Texas, Mrs. 
Bachmann, Mr. Pitts, Mr. Bartlett, Mr. Gohmert, Mr. Griffith, Mr. Broun 
 of Georgia, Mr. Bonner, Mr. Paul, Mr. Kingston, Mr. Lamborn, and Mr. 
    Akin) introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To prohibit the enforcement of a climate change interpretive guidance 
    issued by the Securities and Exchange Commission, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Maintaining Agency Direction on 
Financial Fraud Act''.

SEC. 2. INTERPRETIVE GUIDANCE NULL AND VOID.

    Notwithstanding any other provision of law, no interpretive 
guidance issued by the Securities and Exchange Commission on or after 
the effective date of this Act relating to ``Commission Guidance 
Regarding Disclosure Related to Climate Change'', affecting Parts 211, 
231, and 249 of title 17, Code of Federal Regulations, (as described in 
Commission Release Nos. 33-9106; 34-61469; FR-82), or any successor 
thereto, may take effect, and such guidance shall have no force or 
effect with respect to any person on or after February 2, 2010.
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